Can pegging reduce real as well as nominal, and multilateral as well as bilateralexchange rate volatility? We …

Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 …. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …

This paper offers empirical evidence that real exchange rate volatility can have a significant impact on the long … with relatively low levels of financial development, exchange rate volatility generally reduces growth, whereas for … rate volatility, and outliers. We also oer a simple monetary growth model in which real exchange rate uncertainty …

monetaryregime chosen, though not necessarily on monetary shocks. Wegive a simple account of exchange rate volatility in terms … ofmonetary policy rules, we provide an explanation of the relationbetween nominal exchange rate volatility and …

, business regulations, corruption, and to a lesser extent,infrastructure bottlenecks in explaining patterns of job creation at …

Wirtschaftsethik primär behandelten Probleme wie Umweltverschmutzung, Korruption, Arbeitslosigkeit oder Armut nicht lösbar sind, ohne …

Political corruption is a concern of many modern democracies. It weakens democraticinstitutions, restricts public … determines corruption islimited. This paper uses a novel dataset of political corruption in local governments,constructed from … reports of an anti-corruption program in Brazil, to test whether the possibilityof re-election affects the level of rents …

This paper provides a firm-level empirical analysis on the ways in which corruption affects innovative activity … be of utmost importance. Using a newly available dataset on African firms, it is shown that corruption has a negative … effect on product innovation and organisational innovation. Corruption does not affect process innovation while it …